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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Rental income:        
Triple-net leased $ 244,206 $ 218,698 $ 724,778 $ 644,403
Medical office buildings 116,598 114,779 346,711 335,472
Total rental income 360,804 333,477 1,071,489 979,875
Resident fees and services 396,247 359,112 1,141,781 1,039,876
Medical office building and other services revenue 7,573 4,146 18,240 11,331
Income from loans and investments 14,043 14,448 39,435 45,284
Interest and other income 368 66 814 1,901
Total revenues 779,035 711,249 2,271,759 2,078,267
Expenses:        
Interest 98,469 83,764 277,811 244,635
Depreciation and amortization 201,224 177,038 585,636 524,033
Property-level operating expenses:        
Senior living 265,274 244,316 762,993 706,561
Medical office buildings 41,147 40,566 119,827 115,010
Total property-level operating expenses 306,421 284,882 882,820 821,571
Medical office building services costs 4,568 1,651 9,565 4,957
General, administrative and professional fees 29,466 28,659 93,638 84,757
Loss (gain) on extinguishment of debt, net 2,414 (189) 5,079 (909)
Merger-related expenses and deal costs 16,749 6,208 37,108 17,137
Other 15,229 4,353 25,321 13,325
Total expenses 674,540 586,366 1,916,978 1,709,506
Income before (loss) income from unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interest 104,495 124,883 354,781 368,761
(Loss) income from unconsolidated entities (47) 110 549 533
Income tax benefit (expense) 1,887 2,780 (4,820) 13,100
Income from continuing operations 106,335 127,773 350,510 382,394
Discontinued operations (259) (9,174) 2,517 (36,164)
Gain on real estate dispositions 3,625 0 16,514 0
Net income 109,701 118,599 369,541 346,230
Net income attributable to noncontrolling interest 569 303 964 1,161
Net income attributable to common stockholders $ 109,132 $ 118,296 $ 368,577 $ 345,069
Basic:        
Income from continuing operations attributable to common stockholders, including real estate dispositions $ 0.37 $ 0.43 $ 1.24 $ 1.30
Discontinued operations $ 0.00 $ (0.03) $ 0.01 $ (0.12)
Net income attributable to common stockholders $ 0.37 $ 0.40 $ 1.25 $ 1.18
Diluted:        
Income from continuing operations attributable to common stockholders, including real estate dispositions $ 0.37 $ 0.43 $ 1.23 $ 1.29
Discontinued operations $ 0.00 $ (0.03) $ 0.01 $ (0.12)
Net income attributable to common stockholders $ 0.37 $ 0.40 $ 1.24 $ 1.17
Weighted average shares used in computing earnings per common share:        
Basic 294,030 292,818 293,965 292,308
Diluted 296,495 295,190 296,411 294,788
Dividends declared per common share $ 0.725 $ 0.67 $ 2.175 $ 2.01